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The Mozambique Tax Authority (AT) identified approximately €137.4 million in tax liabilities following audits of mining and petroleum companies between January and September 2026. During the same period, revenue from megaprojects increased by 84%, reaching approximately €189.1 million, according to figures released on Monday, 2 November.
The findings were presented in a statement issued by the Tax Authority, outlining its activities in tax inspections, revenue collection and monitoring of mining and petroleum operations during the first nine months of the year.
According to the institution, the audits were conducted with technical assistance from consultants working under the Efficient Taxation for Inclusive Development (TEDI) project and the African Tax Administration Forum (ATAF), as part of efforts to strengthen fiscal oversight of companies operating in the country's natural resources sector.
The amount identified through the audits represents tax liabilities assessed by the authorities and does not necessarily mean that the entire sum has already been collected.
Regarding revenue from megaprojects, the petroleum sector was the largest contributor, generating approximately €154.5 million, while mining activities accounted for around €34.5 million.
According to the Tax Authority, the 84% increase compared with the same period in 2025 was mainly driven by the performance of the petroleum sector, which accounted for the largest share of megaproject revenue.
Meanwhile, revenue from taxes specifically levied on extractive activities rose by 103% compared with the first nine months of the previous year.
Within this category, the mining sector accounted for approximately 86% of the revenue collected, while the petroleum sector contributed the remaining 14%.
Inspections Cover 30 Mining and Petroleum Projects
As part of its efforts to strengthen tax compliance monitoring, the Tax Authority conducted inspection visits to 30 mining and petroleum projects across the provinces of Cabo Delgado, Niassa, Nampula and Manica.
The inspections were aimed at monitoring company operations, assessing compliance with tax obligations and improving oversight mechanisms within the extractive industry.
The institution also monitored transactions involving the transfer of interests in mining and petroleum assets, identifying capital gains valued at approximately €3.8 million, alongside an additional amount equivalent to €1.1 million.
Another highlight of the report concerns the sale of precious stones. Between January and July, the Tax Authority monitored three international ruby auctions, which generated approximately €71.8 million in sales.
According to the figures released, these transactions resulted in approximately €6.9 million in Mining Production Tax (IPM), highlighting the contribution of ruby extraction and trading activities to government tax revenue.
In addition to its inspection activities, the Tax Authority carried out technical training programmes, specialised studies and initiatives aimed at reviewing the tax legislation governing extractive industries.
These measures are intended to strengthen inspection capabilities, improve the identification of tax risks and ensure more effective monitoring of mining and petroleum companies.
The results presented by the institution highlight the increase in tax revenue from megaprojects and the strengthening of oversight activities in a sector that continues to play an important role in generating public revenue and financing government expenditure.
A private jet crashed into a residential area of Palm Beach County, in the US state of Florida, on Sunday, 1 November, killing all nine people on board. The impact left a large crater in the road and scattered debris across the surrounding area, prompting an emergency response from local authorities.
US energy giant ExxonMobil has announced an agreement to increase its stake in the Rovuma liquefied natural gas (LNG) project to 50%, strengthening its position in one of Mozambique's largest planned energy investments, valued at approximately $30 billion and located in Area 4 of the Rovuma Basin, Cabo Delgado Province.
Foreign currency purchases by Mozambican commercial banks from their clients increased by 12.5% in the third quarter of 2026, reaching $2.27 billion, compared with $2.02 billion recorded in the previous three months, according to data released by the Bank of Mozambique (BdM).
Road traffic along National Road Number 13 (N13), connecting the districts of Ribáuè and Malema in Nampula Province, will be temporarily suspended on 5 and 6 November, between 6:00 a.m. and 5:00 p.m., as part of rehabilitation works on the bridge over the Natete River.
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**A major fire broke out on Sunday morning, November 1, at the Oncology Department of Maputo Central Hospital (HCM), a medical facility responsible for diagnosing, treating and monitoring cancer patients. The cause of the fire and the extent of the damage remain unknown.**
Electricidade de Moçambique (EDM) has announced scheduled power outages for Saturday, 31 October, and Sunday, 1 November, affecting several areas of Maputo City and the provinces of Gaza, Sofala, Manica and Zambézia, as part of preventive and corrective maintenance work on electricity infrastructure.
The Mozambican Government and the Mozambican Federation of Road Transport Operators' Associations (FEMATRO) have reached an agreement to increase fares for semi-collective passenger transport services in the Greater Maputo metropolitan area by five meticais, with the new rates expected to take effect on 7 November 2026.
The Mozambican Government has approved new restrictions on the importation of sliced bread, introducing mandatory prior licensing, specific fees and limits on imported quantities as part of measures aimed at protecting the domestic bakery industry and stimulating local production. The new regulations will take effect on 27 November 2026.
